May 23, 2012

How Do Loan Officers And Underwriters Differ?

Question: What's the difference between a "loan officer" and an "underwriter."

Answer: A loan officer takes your application and helps find the best program for your situation.

An underwriter reviews your application file to assure you meet all program standards.

A loan officer does NOT approve your loan application. An underwriter has the authority to approve or disapprove an application.


Written by Peter G. Miller.

© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.


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